NALA Shook Remittances—Now Its Founder Wants To Put Money Where His Mouth Is
NALA secures $40 million Series A funding round to expand beyond the African cross-border payments market. The company has achieved significant growth in the remittance space, targeting the African diaspora.
Nala to use $40M Series A to build B2B payments platform, scale remittance services
Nala raises $40 million in a Series A funding round led by Acrew Capital. The funding will support Nala's global growth plans, including expanding its remittance business to serve Asian and Latin American markets.
Nala set out to offer remittance services, it’s building a B2B payment platform too
Nala pivoted to offer remittance service in 2021, tapping the growing money transfer market in Africa. Nala developed its own platform, Rafiki, to ensure reliability and minimize user charges.
